Arch mentioned on stream they dove in right around the time the Covid bump started to crash, which would have likely been pretty devestating for GW otherwise.
So Blackrock and Vanguard became investors sometime between June 2020, and January 2021, right as the stock was on the rise due to people being bored with the covid crap and the release of 9th edition 40k. The "crash" which wasn't a crash was a drop that didn't begin until August 2021, half a year later after GW's annual investor report from July 2021
What's in that report?
Their warehousing costs tripling, while the sales percentage only went up .5%
Paint sales being flat after the release of the contrast paints
Warehouse problems in the US and UK.
Brexit related crap
Closures of a few retail stores
Massive uptick in "other costs"(separate from merchandising and logistics, those would be warehousing related)
So Arch like usual is full of shit, because this crap takes just a few minutes to look up.
Since GW does half year reports, we can check the 2021-2022 half year report from January 2022.
Numbers are down from the previous year's 6 month span to November despite revenue being up.
Payroll costs massively increased for their IP and design studio from .8 million pounds to 5.6 million with a sales increase of 2.5%
Warhammer+ was launched and shit the bed
Still having warehouse problems, this time stemming from employment in the US and UK, while warehousing costs increased again from 2.8 million to 9.7
More brexit related crap involving shipping costs increasing, and delays of VAT payment
Still hadn't completed their ERP system update
Video games still not out the door yet